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Senate Bill 145

Actions | Amendments
Last Action 03/07/25: to Banking & Insurance (H)
Title AN ACT relating to retail installment contracts.
Bill Documents Current
Introduced
Bill Request Number 911
Sponsor D. Givens
Summary of Original Version Amend KRS 190.100 to authorize holders of retail installment contracts that utilize installment periods that are under 28 days to have a shorter waiting period prior to charging a delinquency and collection fee.
Index Headings of Original Version Loans and Credit - Retail installment contract, delinquency and collection charge
Sales - Retail installment contract, delinquency and collection charge
Trade Practices and Retailing - Retail installment contract, delinquency and collection charge
Consumer Affairs - Retail installment contract, delinquency and collection charge
Contracts - Retail installment, delinquency and collection charge
Jump to Proposed Amendments Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/12/25
  • introduced in Senate
  • to Committee on Committees (S)
02/14/25
  • to Transportation (S)
02/19/25
  • taken from Transportation (S)
  • reassigned to Banking & Insurance (S)
02/25/25
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/26/25
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 27, 2025
02/27/25
  • 3rd reading, passed 34-0 with Committee Substitute (1)
02/28/25
  • received in House
  • to Committee on Committees (H)
03/07/25
  • to Banking & Insurance (H)

Proposed Amendments

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Amendment Senate Committee Substitute 1
Summary Retain original provisions; amend KRS 371.270 to increase flat rate penalty for delinquency from $10 to $15 and eliminate further requirements.
Index Headings Consumer Affairs - Retail installment contract, delinquency and collection charge
Contracts - Retail installment, delinquency and collection charge
Loans and Credit - Retail installment contract, delinquency and collection charge
Sales - Retail installment contract, delinquency and collection charge
Trade Practices and Retailing - Retail installment contract, delinquency and collection charge

Last updated: 3/11/2025 9:25 PM (EDT)